Its a gateway, a barrier, and obstacle. The smartphone app allows customers to move money between four pilot countriesSpain, the United Kingdom, Brazil and Poland. But one where the settlement, the actual movement of money, the actual plumbing underneath the surface, would be a decentralized, open network, Schwartz says. But to truly decentralize the system, Schwartz is urging others to build on the XRP blockchain the way ethereum has. At age 48, Schwartz, bearded and balding with shoulder-length hair, is the Gandalfesque wizard of San Franciscos Ripple and co-creator of the third-most-valuable cryptocurrency, XRP. Ironically, Schwartzs number one priority is persuading the blockchain community and potential customers that his team at Ripple is losing control of the technology they built. By requiring that the entire task be transferred as one package from one computer to the next, interaction between the distributed computer system and user while a task is being processed is difficult. xRapid frees up this capital and lowers costs by substituting the local currencies with the XRP cryptocurrency. Such an arrangement lessens the load on the control computer and reduces both the volume and cost of data transmission. 22. communication) between computers is present in a distributed computer system except in regard to sharing the same hard disk drive and/or printer. OCT 21, 2020. He argued that by not limiting a technology to work only with XRP, Ripple's native digital asset, more people would be attracted to the technology and benefit from improved user experiences. Mercury FX, a London-based foreign-exchange firm that offers clients an alternative to banks when sending and receiving international currencies, will soon move from its pilot xRapid program to live production. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. 2. The first links transfer portions of the task and any additional task bidirectionally. Ripple isnt the only blockchain startup that is after SWIFT. 6 is an expanded distributed computer system in accordance with the invention; FIG. The computer system of claim 46, wherein each computer means within the computer system is substantially similar in construction. Ripple CTO David Schwartz Makes a Big Statement About The New - Reddit One of the leading architects of the XRP ledger and current Ripple CTO David Schwartz spoke on Nik Bougalis's stepping down from his role as a director of engineering at the blockchain firm. Ripple's chief technology officer David Schwartz has offered a simple method to identify what constitutes a security or commodity. Ripple loses a veteran cryptographer . The history of the XRPL could be older than we previously believed. The C link of each computer 100 is used to communicate/transfer information to or receive information from another computer 100 which is on a higher level of the system. And then, probably a month and a half later, we reached the point where I proved to him that yes, this would work, it would be possible, but we didnt know what it would be good for. The computer system of claim 9, wherein each computer within the computer system is a personal type computer. Banco Santander, for example, is working with two other financial infrastructure blockchain platforms, Hyperledger Fabric and Ion, to explore other applications. Ripple (aka XRP): International Payments Platform Blockchain - David . David Schwartz | Alliance for Innovative Regulation. - AIR 4 is a block diagram of a computer in accordance with the invention; FIG. Importantly, while only permissioned institutions can use Ripples products, xRapid is designed to make it easier for banks to use the XRP cryptocurrency, which anyone can buy, and the XRP platform on which anyone can build. 40. David Schwartz is Chief Cryptographer at Ripple. While not the same, it is eerily similar to how validation works on the XRP Ledger. Method of and arrangement for ordering of multiprocessor operations in a multiprocessor system. In a tweet written last week, Schwartz revealed he owned more . The computer system of claim 8, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the additional task at the same time. On the bitcoin and ethereum blockchains, for example, validation comes from independent miners vying to confirm new blocks of transactions in exchange for the cryptocurrency. 18. US5025369A - Computer system - Google Patents The invention avoids the foregoing drawbacks of distributed computer systems while providing unlimited distributed processing by providing a computer topography which allows computers of the system to communicate with each other on an efficient basis even when a large number of computers are used in the system. As the companys newly appointed chief technology officer, Schwartz is on a mission to dismantle and reassemble one of the biggest gateways on the planetthe one that connects nearly every bank in the world so that trillions of dollars can move from account to account. With Ripple's value at $4.7 billion (and XRP's market cap at $13 billion), Schwartz's net worth is estimated to be about $90 million. As a precocious preschooler in suburban Long Island in the 1970s, he began programming his fathers Texas Instruments and Hewlett-Packard calculators, mostlyto create pictures on their tape readouts. 63. David Schwartz is Chief Technology Officer (CTO) and Chief Cryptographer at Ripple. The computer system of claim 9, wherein each computer within the computer system is substantially similar in construction. If no computers are available within the system, however, the unprocessed portions of the task will have been transfered to a computer within the highest level of the system (e.g. The computer system of claim 9, wherein the number of third link means and the number of fourth link means associated with each computer of said lower level computer means are unequal. The answer is that inefficiency and laziness has made them a lot of money.. Check out his full Patent HERE All the transactions recorded on the XRP blockchain are confirmed using a consensus system comprising groups of validators that analyze the network's transactions. 19. Its a bit like heart surgery, Vandenreydt says. His widely read JoelKatz blog is subtitled Democracy is vulnerable to a 51% attack, an allusion to the tipping point at which one party could gain majority control of a cryptocurrency, no longer making it decentralized. Bougalis had spent roughly a . The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. Ripple's Trillion-Dollar Man - Forbes My objective initially was just to see if it was true, says Schwartz, who started working on the code that would eventually underpin the XRP cryptocurrency. The computer system of claim 46, wherein the third link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. They met at a coffee shop, where McCaleb shared an idea he had called NewCoin. Chase sends a secure message via SWIFTs vast network to the receiving bank in Bolivia. It is also to be understood that the following claims are intended to cover all the generic and specific features of the invention herein described and all statements of the scope of the invention, which, as a matter of language, might be said to fall therebetween. The communications link means has first links and second links. David Schwartz Explains Why He's Not Leaving Ripple Ripple Patents VOL. The computer system of claim 1, wherein the number of first link means is greater than the number of second link means. You dont need our permission, and we cant stop you, Schwartz says. Patents Assigned to RIPPLE LABS INC. - Justia Patents Search If information is to be sent between any two computers, the computer which is sending information must wait for the token ring to arrive. In this way Ripple hopes to transform XRP into a decentralized reserve currency for international banks. Lapse for failure to pay maintenance fees, Expired due to failure to pay maintenance fee, Information on status: patent discontinuation. During his decade there he also consulted for the National Security Agency (NSA), helping integrate the agencys networking software with the existing security and public key infrastructure technology. While Schwartz doesnt identify as a libertarian, he had purchased a few bitcoins and agreed with many of the movements ideals. But Schwartz, who just returned from a tour of Europes banks, faces many obstacles. 4, a computer 100 includes a central processing unit (CPU) 110, a, Each of the elements within computer 100 is an off the shelf item. The adoption of Ripple products has been modest so far. Probably plenty of videos on Youtube that will explain it in very simple . David Schwartz, CTO of Ripple, is interviewed by Fortune's Jeff Roberts.This Interview was recorded on June 12th, 2019 at the Future of Fintech conference in. The company has recruited hundreds of the worlds largest financial institutionsfrom UBS and BBVA to American Express and the Bank of Indonesiato test Ripples new tools designed to modernize the way they move money. David Schwartz Enterprises Jan 1988 - Jan 19913 years 1 month Invented a hierarchical system for distributing workloads over multiple computers. David is one of the original architects of the XRP Ledger. Patents Assigned to David Schwartz Enterprises, Inc. Along the way, Schwartz developed an online persona, JoelKatz (the name was inspired by Stimpson J. No continuous active interconnection (i.e. The computer system of claim 1, further including a lower level computer means operable for receiving a further additional task, for processing, if currently available, portions of the further additional task and for distributing for processing those portions of the further additional task unprocessed by the lower level computer means to low level computer means based on the availability, as determined by said lower level computer means, of said low level computer means to process one or more portions of the unprocessed further additional task and for distributing for processing through said communications link means any remaining portions of the further additional task unprocessed by said low level computer means to said high level computer means based on the availability, as determined by said low level computer means, of said high level computer means to process one or more portions of the further additional task unprocessed by said low level computer means. He currently serves as the Chief Technology Officer at Ripple and is considered to be one of the original architects behind the public decentralized blockchain, known as the XRP Ledger. The primary objective of this study is to evaluate the effects of acetyl-L-carnitine (ALCAR), 3 g daily, and matched placebo on alcohol cue-elicited alcohol craving during a human laboratory paradigm after 4 weeks of daily dosing among participants ages 14-20 with alcohol use disorder (AUD) as confirmed by the Diagnostic and Statistical Manual of Mental Disorders - Fifth Edition (DSM-5) and . DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, ASSIGNMENT OF ASSIGNORS INTEREST. The computer system of claim 37, wherein said first link means are operable for transferring portions of the task and additional task bidirectionally. network). The method of claim 63, further including transferring portions of the task along the first link means bidirectionally. 26. In high school he was the prototypical nerd: Sports werent his thing, but chess was. An "AMM" or Automated Market Maker is another way of managing trade and price in exchange markets that uses algorithms, vs the much older CLOB (Centralised Limit Order Book). The computer system of claim 48, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. The method of claim 63, further including processing different portions of the task at the same time. 36. Intellectual property > Patents: licensing Tier 1 Hailed as 'the utmost trusted advisors', the group of attorneys at DLA Piper LLP (US) operates as an 'extension of the in-house team' with superb licensing expertise, which is 'only matched by their business practicality'. By the end of the conversation, the two had decided to see if they could build a financial infrastructure similar to bitcoin that would use far less energy and drastically reduce transaction time. Leadership Brad Garlinghouse Chief Executive Officer David Schwartz Chief Technology Officer Kristina Campbell Chief Financial Officer Monica Long President Eric Van Miltenburg Chief Business Officer Kiersten Hollars b 1 through b 10. In 2014, McCaleb became disgruntled and departed, forking, or copying, XRPs code to start rival venture Stellar. The computer system of claim 14, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task unidirectionally. Speaking of his job at Ripple, Schwartz says that he likes the fact that the company makes it possible for him to work with cutting-edge technologies and build not-yet-decided products. In a recent Twitter exchange, Schwartz explained that this approach not only generates revenue for Ripple but also contributes to decentralization by reducing the company's XRP holdings. The method of claim 63, further including processing different portions of the additional task at the same time. If no bank will do business with me, I dont get a hearing in a court of law, I dont get to read the law, I dont get to confront my accusers. The thing that intrigued me the most about David Schwartz filling a patent for a DLT type technology is that the patent expiration date was 2008-08-25. XRP Ledger upgrade is "awesome news", says Ripple CTO David Schwartz It didnt take long for banks to see the potential in what Ripple was creating. The method of claim 63, wherein establishment of the communications link includes coupling each low level computer to at least one other low level computer through two second link means whereby the low level computers form a ring of computers. wherein the number of first and second link means associated with at least one of the at least two computers of said low level computer means are unequal. The method of claim 28, further including transferring portions of the task along the first link means bidirectionally. The computer system of claim 43, further including lower level computer means which includes at least three computer means and operable for processing received portions of the task and additional task, one of said at least three computer means operable for receiving a further additional task and processing, if currently available, portions of the further additional task, and wherein one of said at least two computer means of said low level computer means is also operable for receiving from said one of said at least three computer means of said lower level computer means portions the unprocessed further additional task and for distributing for processing, if available, those portions of the unprocessed further additional task to the other two of said at least three computer means of said lower level computer means and, if available, processing those portions of the unprocessed further additional task undistributed to said other two of said at least three computer means. 58. the ETHERNET computer system). Yesterday, July 18th, author Linda P. Jones shared on Twitter a forbes story about David Schwards titled "Ripple's Trillion-Dollar Man," which spoke about one of the original creators of the Ripple Ledger, David Schwartz. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task bidirectionally. David Schwartz, the CTO of Ripple, has offered valuable insights into the operational methods of Linqto, a fintech firm specializing in investment services.Specifically, Schwartz's commentary sheds light on the approach that Linqto employs to facilitate investments in companies like PolySign, for which he serves as a board member. Lessening of the load that any one computer is requested to process results. The endgame is just money moving invisibly, as easily as information.. 5, a first distributed computer system embodiment of the invention includes a, Each computer of level III reports its status of availability through its C lines to, With the task now having been transfered to, Processing of a task on a real time basis can be performed by, Level V includes computers which are connected to the D links of, FIG. Well, Ripple, powered by David Schwartz's technological genius, is on a mission to lead international money transfers into a happy (and much faster) future. The computer system of claim 37, wherein each computer means within the low level computer means is coupled to at least one other computer means within the low level computer means through two second link means whereby the low level computer means forms a ring of computer means. Remaining unprocessed portions of the task are distributed to available computers on successively higher levels of the system until all of the task have been distributed for processing. The process took seven years and was estimated to cost $400 million. In processing each task within the computer system, different portions of the task are processed at the same time by different computers. The computer system of claim 9, wherein the number of third link means is greater than the number of fourth link means. SWIFT has had the monopoly for so long, says Mercury CEO Alastair Constance, Why havent they been passing down the cost and time-saving? control units using stored programs, i.e. Ripples xRapid product has also won some converts. 13. In 2015 Ripple formed the RippleNet Committee, an advisory team made up of major banks including Bank of America Merrill Lynch, Japans MUFG Bank, Standard Chartered Bank, Westpac and Spains Banco Santander, which invested in Ripple and began experimenting with early versions of its payment technology. 50. 35. Marshall Huebner is considered an expert in risk management bankruptcy advisory work. 6 in accordance with an alternative embodiment of the invention. On either side are the offices of Bank of America and U.S. Trust. David Schwartz, Ripple's Chief Technology Officer (CTO), has confirmed that the majority of the company's revenue comes from selling its XRP holdings. In the newest episode of Block Stars, Ripple CTO David Schwartz sits down with John Kraski, Director of Strategic Partnerships at NFT Thought Leaders. The computer system of claim 44, wherein said communications link means includes third link means and fourth link means, said third link means coupling said at least two computer means of said low level computer means to said at least three computer means of said lower level computer means, said fourth link means coupling said at least three computer means of said lower level computer means together wherein the number of third link means and the number of fourth link means coupled to one of the computer means on the lower level computer means are unequal. The computer system of claim 8, wherein said lower level computer means includes at least three computers and wherein said communications link means includes third link means and fourth link means, said third link means coupling said at least two computers of said low level computer means to said at least three computers of said lower level computer means, said fourth link means coupling said at least three computers of said lower level computer means together wherein the number of third link means and the number of fourth link means coupled to one of the computers on the lower level computer means are unequal. Consequently, only one of, Referring once again to FIG. In 1990 he received a degree in electrical engineering from the University of Houston. The latest R&D info about Rhode Island Hospital: pipelines, patents As CTO, Schwartz will report to CEO Brad Garlinghouse, but in terms of Ripples technical vision hes in charge. David Schwartz created the XRPL way back in 1988 when they didn't even had a name for the blockchain. In an era when secure emails are transmitted instantly and the bitcoin and ethereum blockchains move millions in minutes, most international money transfers take at least three days to settle, with fees that are opaque and varied. six computers) is to be understood as merely exemplary. That got me into the bitcoin community.. 20. 62. Cat from The Ren & Stimpy Show), to pseudonymously publish his philosophical meanderings. To help offset concerns that the company could flood the cryptocurrency market or manipulate prices, Ripple has locked up its XRP into smart contracts that hold the currency in escrow, temporarily releasing 1 billion tokens a month. The computer system of claim 44, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the task at the same time. The computer system of claim 9, wherein each computer within the lower level computer means is coupled to at least one other computer within the lower level computer means through two fourth link means whereby the lower level computer means forms a ring of computers. EFFECTIVE: JUNE 8, 1989, GERMANY, Assignors: DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH, Arrangements for program control, e.g. In order to reach the offices, one must first pass through a grand archway that resembles something from Italys Medici era. The computer system of claim 46, wherein each computer means within the computer system is a personal type computer. 1 is a block diagram of a cluster computer system; FIG. n May, as if to acknowledge his being overlooked in Ripples original creation story and hierarchy, Schwartz was discreetly named chief technology officer of the company he helped build from scratch. The computer system of claim 6, wherein said high level computer means and said low level computer means are operable for processing different portions of the additional task at the same time. 69. XRPioneerXRPatriotXRParzivalCryptoGhost on Twitter: "Ripple As many of the portions as possible are distributed for processing on the lowest level of the system. Preferably, the distributed computer system should include a plurality of personal computers operable for performing distributed processing to avoid the need for a mainframe. The computer system of claim 3, wherein said second link means are operable for transferring portions of the task and additional task unidirectionally. I think the clean-sheet approach is almost always going to produce a better design at a lower cost.. Ripple executives, including CTO David Schwartz, have admitted the software that is sold to banks for payments processing, XCurrent, is not a blockchain or any form of distributed ledger. Failure to recover from proactive semantic interference (frPSI) has been shown to be more sensitive than traditional cognitive measures in different populations with preclinical Alzheimer's disease. 53. 9. A distributed computer system performing distributed processing with more than about six computers is difficult to work with since many of the same lines, disk drives, printers and other equipment must be shared by each computer. ;ASSIGNOR:SCHWARTZ, DAVID J.;REEL/FRAME:004938/0770, RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEM, CHANGE OF NAME;ASSIGNOR:DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH;REEL/FRAME:005244/0417, PATENT EXPIRED DUE TO NONPAYMENT OF MAINTENANCE FEES UNDER 37 CFR 1.362, Method and system for optionally registering a local process to allow participation in a single system semantic, Selective transaction oriented recovery and restart for message-driven business applications, Database system with methods for appending data records by partitioning an object into multiple page chains, Cluster of workstations for solving compute-intensive applications by exchanging interim computation results using a two phase communication protocol, Method and system including a central computer that assigns tasks to idle workstations using availability schedules and computational capabilities, Systems and methods for wireless communications, Global network computers for shared processing, Commercial distributed processing by personal computers over the internet, System and method for rapid completion of data processing tasks distributed on a network, Systems and methods for processing complex data sets, Systems and methods for geophysical imaging using amorphous computational processing, Method to support authentication and authorization of web application user to database management system in web server based data-driven applications, Apparatus, system, and method for automatically minimizing real-time task latency and maximizing non-real time task throughput, Management and scheduling of a distributed rendering method and system, Method and system for secure remote distributed rendering, Apparatus for generating panoramic images and method thereof, Information processing system and load sharing method, Method and system for distributed rendering, Stable hash-based mapping computation for a dynamically varying target set, Distributed processing multiple tier task allocation, Computers and microchips with a portion protected by an internal hardware firewall, Computers including an undiced semiconductor wafer with Faraday Cages and internal flexibility sipes, Computer or microchip with a secure control bus connecting a central controller to volatile RAM and the volatile RAM to a network-connected microprocessor, Information processing system and load balancing method, Multivariate analysis replica intelligent ambience evolving system, High impact resistant macromolecular networks, Data processing system having pyramidal hierarchy control flow, Multiprocessor computer apparatus employing distributed communications paths and a passive task register, Data processing apparatus for highly parallel execution of data structure operations, Data exchange processor for distributed computing system, Distributed multiprocessor communication system, Task communicator for multiple computer system, Multi-processor task dispatching apparatus, Multi-processor system employing job-swapping between different priority processors, Microcomputer based distributed control network, Syntactically self-structuring cellular computer, Funtionally structured distributed data processing system, Task scheduler for a fault tolerant multiple node processing system, Method of file access in a distributed processing computer network, Computer or microchip with its system bios protected by one or more internal hardware firewalls, Microchips with inner firewalls, faraday cages, and/or photovoltaic cells, Computers and microchips with a portion protected by an internal hardware firewalls, Computers and microchips with a side protected by an internal hardware firewall and an unprotected side connected to a network, Computers and microchips with a faraday cage, with a side protected by an internal hardware firewall and unprotected side connected to the internet for network operations, and with internal hardware compartments, Computer or microchip controlled by a firewall-protected master controlling microprocessor and firmware, Microchips with an internal hardware firewall, Computers or microchips with a hardware side protected by a primary internal hardware firewall leaving an unprotected hardware side connected to a network, and with multiple internal hardware compartments protected by multiple secondary interior hardware firewalls, Computer or microchip with an internal hardware firewall and a master controlling device, Microchips with an internal hardware firewall protected portion and a network portion with microprocessors which execute shared processing operations with the network, Microchips with multiple internal hardware-based firewalls and dies, Microchips with an internal hardware firewall that by its location leaves unprotected microprocessors or processing units which performs processing with a network, Computers or microchips with a primary internal hardware firewall and with multiple internal harware compartments protected by multiple secondary interior hardware firewalls, Computers and microchips with a faraday cage, a side protected by an internal hardware firewall and an unprotected side connected to the internet for network operations, and with internal hardware compartments, Personal and server computers having microchips with multiple processing units and internal firewalls, Computer or microchip including a network portion with RAM memory erasable by a firewall-protected master controller, Computers or microchips with a hardware side protected by a primary internal hardware firewall and an unprotected hardware side connected to a network, and with multiple internal hardware compartments protected by multiple secondary inner hardware firewalls, Internal hardware firewalls for microchips, Computer and microprocessor control units that are inaccessible from the internet, Computer or microchip protected from the internet by internal hardware, Distributed multiple-tier task allocation, Microchip with faraday cages and internal flexibility sipes, Computer with at least one faraday cage and internal flexibility sipes, Computer or microchip with a secure system bios having a separate private network connection to a separate private network, Method of using a secure private network to actively configure the hardware of a computer or microchip, Computer or microchip with a secure system BIOS and a secure control bus connecting a central controller to many network-connected microprocessors and volatile RAM, Personal computer, smartphone, tablet, or server with a buffer zone without circuitry forming a boundary separating zones with circuitry, A Unix-Based local computer network with load balancing, HOST-HOST communication protocol in the ARPA network, Hierarchical dual bus architecture for use in an electronic switching system employing a distributed control architecture, Intercomputer communication control apparatus & method, Intercomputer communication control apparatus and method, Apparatus for a data processing system having a peer relationship among a plurality of central processing units, Method and system for communicating interrupts between nodes of a multinode computer system, Method and apparatus for exploiting communications bandwidth as for providing shared memory, System for controlling access to a common bus in a computer system, Local area network system with a multi-computer system coupled method and method for controlling the same.

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